Ahmed Elzaher, CEO of the Information Technology Industry Development Agency (ITIDA), confirmed that the agency sees startups as one of the main engines for the growth of Egypt's Information and Communications Technology (ICT) sector. He emphasized their pivotal role in boosting innovation, attracting investments, and creating quality job opportunities for Egyptian youth. Elzaher explained that developing the IT sector is a strategic goal for ITIDA. He pointed out that the startup ecosystem has become an essential element in achieving this goal, as it helps attract millions of dollars in investments. Plus, it supports digital transformation and develops innovative technological solutions that serve various economic sectors. He added that most startups today rely on technology as the core foundation of their business models. This means the growth of these companies is directly linked to the growth of the ICT sector. These companies also help provide job opportunities for specialized talents, develop digital skills, and strengthen Egypt's position as a regional hub for innovation and entrepreneurship. Elzaher affirmed that the Ministry of Communications and Information Technology (MCIT) and ITIDA will continue to support startups and entrepreneurs. They do this through a variety of programs and initiatives aimed at building capabilities, offering technical and advisory support, and making it easier to access local and global markets. They also connect companies with funding and investment opportunities. He noted that ITIDA is keen to encourage all initiatives that aim to develop the entrepreneurship ecosystem in Egypt. This comes from their belief in how important this sector is for supporting economic growth and boosting the competitiveness of the Egyptian economy in the era of technology and the digital economy.
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